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Altus Group To Acquire Apac-Focused Valuation Software Provider Forbury

PRIVATENov 08, 2023

Acquiring Company

Altus Group’s Development Advisory Business

Acquired Company

Forbury

TorontoChristchurchSoftwareReal EstateAnalyticsProperty Management

Description

Altus Group Limited (ʺAltus” or “the Company”) (TSX: AIF), a leading provider of asset and fund intelligence for commercial real estate (“CRE”), announced today that it signed a definitive agreement to acquire the business of Forbury Property Valuation Solutions Limited (“Forbury”), a CRE valuation software provider in the Asia Pacific (“APAC”) region.

Quick answer

Altus Group’s Development Advisory Business is acquiring Forbury, announced November 8, 2023. Altus Group’s Development Advisory Business is based in Toronto, Ontario, Canada.

How much did Altus Group’s Development Advisory Business pay for Forbury?
The deal value was not disclosed.
What does Altus Group’s Development Advisory Business do?
The Development Advisory business specializes in guiding owners, developers, and investors in real estate development.
Where are Altus Group’s Development Advisory Business and Forbury based?
Altus Group’s Development Advisory Business is based in Toronto, Ontario, Canada. Forbury is based in Christchurch, Canterbury, New Zealand.
Who are the decision-makers at Altus Group’s Development Advisory Business?
Fundz holds 1 contact at Altus Group’s Development Advisory Business. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Altus Group’s Development Advisory Business

Location

Toronto, Ontario, Canada

About

The Development Advisory business specializes in guiding owners, developers, and investors in real estate development. They provide services such as feasibility assessments, strategic project planning, and risk management. Their expertise helps clients navigate complex development challenges. This business is part of Altus Group's broader offerings.

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Frequently asked

Who acquired Forbury?

Forbury was acquired by Altus Group’s Development Advisory Business, based in Toronto. The deal was reported on November 8, 2023. The Development Advisory business specializes in guiding owners, developers, and investors in real estate development. Altus Group’s Development Advisory Business is privately held and operates in Software.

When did Altus Group’s Development Advisory Business acquire Forbury?

Altus Group’s Development Advisory Business's acquisition of Forbury was reported on November 8, 2023. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Forbury do?

REDEFINING COMMERCIAL REAL ESTATE INVESTMENT TOOLS | We exist to solve an industry problem: how to quickly and confidently determine the value of commercial real estate assets. It is privately held, and is based in Christchurch.

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